Russian Firm Takes Majority Stake in Greek Telco
A unit of Russia's AFK Sistema has acquired a 51-percent stake in Greek telco Intracom Telecom.More here.
Sistema Chairman Vladimir Yevtushenkov told a news conference in Athens Wednesday that the $150 million deal involving its Sitronics subsidiary would help fund expansion plans that would put Intracom on a level with European telecom majors such as Alcatel and Siemens.
posted by Fergie @ 6/28/2006 11:29:00 AM
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